This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $109k initial cash invested.
-15.95%
Cash On Cash
3.73%
Cap Rate
0.56
DSCR
$3,383
Rent
-$1,451
Cashflow
Cash Flow
$3,383 income − $4,834 expenses = $1,451 out of pocket
Investment Breakdown
|
Purchase Price
$520k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$109k
Downpayment
20%
$104k
Closing costs
1%
$5,198
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,383
Total Expenses
$4,834
Mortgage P&I
86%
$2,897
Property Taxes
26%
$878
Home Insurance
5%
$180
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0